"If it sounds too good to be true, it probably is!" Don't become a victim to any scheme that offers instant wealth or exemption from your obligation as a United States citizen to file tax returns and/or pay taxes. Some of these schemes can literally cost
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Obama Health Care Reform Imposes Transaction Tax on Some Home Sales
Continue reading >>The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), enacted as Subtitle C of Title XI (the "Revenue Adjustments Act of 1980") of the Omnibus Reconciliation Act of 1980, Pub. L. No. 96-499, 94 Stat. 2599, 2682 (Dec. 5, 1980), is a United
Continue reading >>In the absence of urban planning policies, property tax on real estate changes the incentives for developing land, which in turn affects land use patterns. One of the main concerns is whether or not it encouragesurban sprawl. The market value of unde
Continue reading >>Property taxes in the United States originated during colonial times. By 1796, state and local governments in fourteen of the fifteen states taxed land, but only four taxed inventory (stock in trade). Delaware did not tax property, but rather the income f
Continue reading >>Property taxes, like all taxes in the United States, are subject to constraints under the United States and applicable state constitutions. The United States Constitution contains three relevant provisions: limits on federal direct taxation, an equal
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